Coinstar Closes $25 Million Commercial Bank Line.BELLEVUE Bellevue (bĕl`vy ).1 City (1990 pop. 30,982), Sarpy co., E Nebr., a suburb of Omaha, on the Missouri River; inc. 1855. , Wash.--(BUSINESS WIRE)--Feb. 26, 1999--Coinstar Inc. (Nasdaq:CSTR CSTR Centre for Speech Technology Research CSTR Canister CSTR Continually Stirred Tank Reactor CSTR Center for Software Testing Research (Florida Tech) CSTR Combat System Trial Rehearsal (US DoD) ) today announced that it has signed an agreement for a $25 million commercial bank credit facility. The agreement was reached this week with Imperial Bank and Bank Austria Bank Austria Creditanstalt is a Central and Eastern European bank, 96.35% owned by UniCredit Group. BA-CA's history goes as far back as 1855, the year the Creditanstalt was founded. Creditanstalt Corporate Finance, Inc. "We are pleased to have closed this facility," said Jens Molbak, Coinstar founder and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. . "This credit agreement will supplement the capital resources available to fund the continued growth and expansion of our network." "Our agreement with Imperial Bank and Bank Austria Creditanstalt shows the confidence that the financial community has in Coinstar and in its management," said Kirk Collamer, Coinstar Vice-President and CFO See Chief Financial Officer. . "Furthermore, this credit agreement gives us the flexibility to continue to grow and develop our business." Coinstar, Inc.(R) develops, owns and operates a network of nearly 5,000 self-service, coin counting machines. The machines, which provide consumers with a convenient means of converting loose change into cash, are located in leading supermarket chains in 37 states. Consumers can call 1-800-928-CASH, or visit http://www.coinstar.com for the location of the nearest Coinstar(R) machine. Photos can be downloaded from the Coinstar Website at: http://www.coinstar.com/news/photorel.html. This press release contains forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. that involve a number of risks and uncertainties. Actual results could differ materially from the results identified or implied in any forward-looking statement discussed herein. Factors that could cause or contribute to such differences include, but are not limited to, the risks that are more fully described under the caption "Risk Factors" included in the most recent reports filed with the Securities and Exchange Commission by Coinstar, Inc. |
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